Ethiopia Market Profile

November 21, 2014 - 5:40pm from GiveWell Blog
Summary The Deworm the World Initiative (DtWI), led by Evidence Action, received approximately $2.3 million as a result of GiveWell’s recommendation last year. While there were some deviations, it largely allocated these funds as we expected. DtWI now has limited room for funding; it is currently seeking to raise an additional $1.3 million to support its activities in 2015 and 2016. We expect it to allocate approximately 30% of the additional funds it ...
November 10, 2014 - 3:26pm from GiveWell Blog
Note: GAIN has reviewed a draft of this post and added responses below. The Global Alliance for Improved Nutrition (GAIN) focuses on reducing malnutrition by fortifying foods and condiments with essential nutrients and through other interventions. We have been considering GAIN for a 2014 recommendation for its work on Universal Salt Iodization (USI) because of our impression that iodization has strong evidence of effectiveness, cost-effectiveness, and room for more funding ...
November 4, 2014 - 3:27am from MicroCapital
SatADSL (Asymmetric Digital Subscriber Line), a Belgian telecommunications company that provides internet services in Sub-Saharan Africa, recently announced that it plans to provide microfinance institutions and money transfer firms with automated teller machines (ATMs) and money transfer capabilities using “ very small aperture terminal” (VSAT) equipment. Michel Dothey, the Business Development Director at SatADSL, reportedly stated that, “VSAT equipment linked to the satellite ...
October 28, 2014 - 12:33pm from Global development: Poverty matters blog | guardian.co.uk
Eritrea is the most closed and repressive country in Africa, routinely denying access to the international media. No foreign journalists are based in the country and there is no independent local press. However, in a rare and courageous breach of the wall of ...
October 23, 2014 - 5:05am from MicroCapital
Project Concern International (PCI), a US-based non-governmental organization (NGO), recently announced that it plans to scale up the operations of its Women Empowered (WE) initiative by providing approximately 250,000 women, in addition to the 230,000 women it currently serves, with tools and training for their businesses. The announcement was made at the recent annual meeting of the Clinton Global Initiative (CGI), a program that brings together global leaders in an effort to address ...
October 22, 2014 - 2:03pm from Global development: Poverty matters blog | guardian.co.uk
It is now three decades since Ethiopia experienced the infamous famine that cost the lives of more than a million people. The tragedy prompted the BBC’s Michael Buerk to describe it as “a biblical famine in the 20th century” and “the closest thing to hell on Earth”.In sharp contrast with that devastating poverty, Ethiopia is now widely considered ...
October 22, 2014 - 2:02pm from Global development: Poverty matters blog | guardian.co.uk
The 30th anniversary of a key moment in modern TV journalism will be marked on 23 October: Michael Buerk’s broadcast of a “biblical famine”, filmed in a remote part of northern Ethiopia. The images shot by Kenyan cameraman Mohammed Amin, together with Buerk’s powerful words, produced one of the most famous television reports of the late 20th century.Long before ...
October 22, 2014 - 12:46pm from Microfinance Africa
Moody’s Analytics, The MasterCard Foundation and Catholic Relief Services to Collaborate on Social Performance Assessments for Sub-Saharan Microfinance NEW YORK – Aiming to bring greater transparency to microfinance across Sub-Saharan Africa, Catholic Relief Services (CRS), The MasterCard Foundation and Moody’s Analytics have launched an innovative collaboration to use Moody’s Analytics’ social performance assessments (SPA) to help microfinance ...
October 16, 2014 - 12:10pm from Microfinance Africa
Nairobi, Kenya: Water.org has announced plans to invest over Sh178million (US$2million) in Water Credit programs in the next one year to ensure accessibility to safe water and sanitation in Kenya and Uganda. The organization is also looking to expand the Water Credit programs by working with a diverse set of financial institution partners and funders to attract additional capital to the Water Credit ecosystem. So far, Equity Bank, Kenya Women Finance Trust, ...
September 30, 2014 - 5:48am from MicroCapital
The Canadian Minister of International Development, Christian Paradis, recently announced that the Canadian government will provide CAD 309 million (USD 279 million) to the African Development Fund (ADF), a fund that provides loans and grants to its 40 African member countries, to support the 13th replenishment of ADF’S budget funds. The donation is intended to support the African Development Bank (AfDB), the parent organization of ADF, in supporting development and poverty reduction ...
September 29, 2014 - 1:01pm from Microfinance Africa
In Ethiopia, the National Bank of Ethiopia (EBE) took over the responsibility to license and organize the working of MFIs. The NBE is helping MFIs through prudential regulations. These regulations were aimed at promoting the sector to alleviate poverty, introducing financial discipline and best delivery of financial services, protecting depositors prohibiting NGOs which mix charity with lucrative lending. NBE license, supervise and regulate financial institutions such as ...
September 8, 2014 - 7:27pm from Microfinance Focus
The mobile communications markets of theDemocratic Republic of the Congo (DRC) and Ethiopia are still underdeveloped. While the population densities of both countries are among the highest in Sub-Saharan Africa, their active mobile penetration rates in 2013 were 36.4 percent and 24.1 percent respectively, well below Sub-Saharan Africa’s average of 61 percent. ...
August 7, 2014 - 5:04am from MicroCapital
The Vietnam Bank for Social Policies (VBSP), a government-owned bank that offers microfinance and other services in Vietnam, recently has deployed the Intellect (R) Core Banking Solution (CBS), an enterprise platform offered by India-based Polaris Financial Technology Limited (Polaris) [1]. Intellect is expected to help VBSP improve its operational efficiency as well as assess the impact of the bank’s lending programs. Additionally, the system allows the bank to monitor credit lines, ...
August 4, 2014 - 3:42pm from Global development: Poverty matters blog | guardian.co.uk
Talks between rebels and the government to try to end seven months of bloodshed in South Sudan resumed in Ethiopia's capital, Addis Ababa, on Monday. The session begins amid continuing reports of fighting and increasingly dire warnings from aid agencies of impending ...
July 24, 2014 - 7:00pm from Financial Access Initiative Blog
Recent work from CGAP and Continuum Innovation in Pakistan calls extreme illiteracy a “hidden hurdle” to financial inclusion. When people are unable to read or understand digital transactions they are less likely to trust digital products, constraining a viable avenue for access to financial products. In many
July 22, 2014 - 1:52pm from CGAP Microfinance Blog
Did you know that in Senegal, the private sector can only provide jobs to 250,000 people in total, but an estimated 200,000 new youth enter the market each year? Or that in Ethiopia, the youth bulge is so extreme that 60 percent of the population is below age 25? Seventy-eight percent of the 200 million young people in Sub-Saharan Africa live on less than $2 a day and only 5 percent have access to financial services.
June 24, 2014 - 7:00am from Acumen Fund Blog
Acumen Global Fellows are architects for the impact sector. They are innovators, game changers, visionaries, with various professional experiences looking to make substantial change in the world. They have thrived in companies such as Google; they have started their own companies in Sri Lanka, Canada and Malaysia.  They are choosing the challenge of working alongside our portfolio companies and immersing themselves in a rigorous leadership training. Over the past 9 years, thousands ...
June 24, 2014 - 5:03am from MicroCapital
Kaah Express, a US-based international remittances company, reportedly has partnered with Silatech, a Qatar-based enterprise focused on increasing employment and entrepreneurship among youth in the Middle East and North Africa, and the American Refugee Committee (ARC), a US-based nonprofit that offers humanitarian aid across the globe, to create Kaah Islamic Microfinance Services (KIMS), a commercial microfinance institution (MFI) in Somalia. KIMS is primarily focused on serving ...
June 11, 2014 - 3:41pm from Center for Financial Inclusion Blog
> Posted by Jeffrey Riecke, Communications Associate, CFI As if we needed more motivation to support the expansion of microinsurance, the increase in extreme weather is highlighting the ability of the financial service to spur climate change adaptation. Farming in developing countries is responsible for 70 percent of the world’s food supply, and farmers in developing countries are vulnerable to ...
June 5, 2014 - 5:19pm from Microfinance Nigeria
(Lahore) -  AlHuda Centre of Islamic Banking and Economics (CIBE) chalks down the strategy to offer its services in African countries to promote Islamic banking and finance through consultancy, Research, education and capacity building where there is an excellent potential related to this industry. This was said by Mr. Muhammad Zubair Mughal, Chief Executive Officer, AlHuda CIBE, while talking to the media in the opening ceremony of “6 months road map for the strategy of Islamic Banking ...